ΑπρίλιοςApril 2009 2009
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42 Years of leading presence 11 Fleet of owned vessels (16 under operation) 20 Ports 50 Destinations and served routes 0,5 billion € Fleet market value 120 million € Current market capitalization 1.300 Employees 2,3 million Passengers for 2008 (+23%) 389 thousand Vehicles for 2008 (+14%) 253 thousand Trucks for 2008 (+6%) 252 million € Turnover for 2008 (+8,5%)
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– company established, registered offices in Chania, Crete – first acquired F/B "KYDON" started operating the route Piraeus - Chania – ANEK started operating the route Piraeus – Heraklion – ANEK commences operations in the Adriatic sea (Patras – Ancona route) – F/B «EL. BENIZELOS», the first newfangled vessel in Greece started operating the new route Patras – Trieste – listing of company shares on ATHEX / – acquired an interest in the share capital of other similar shipping entities (LΑΝΕ, ANEK LINES ITALIA, ΕΤΑΝΑP, L. ΟRI) – the newfangled speedboats F/B «OLYMPIC CHAMPION» & «HELLENIC SPIRIT » started servicing the Adriatic market – appointment of new Board of Directors and management leader team – restructure of indebtedness – increase of share capital by €101,6 mil. & purchase of the new F/B ELYROS – ΑΝΕΚ voted as «Passenger line of the year 2008» / F/B ELYROS started serving the route of Chania/ new routes served in Cyclades and NE Aegean / restructure of indebtedness
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HELLENIC OLYMPIC EL. LEFKA SOPHO-SOPHO--- SPIRIT CHAMPION VENIZELOS ORI CLES V. PREVELIS KRITI I KRITI II LATO LISSOS
Year built 2001 2000 1992 1992 1990 1980 1979 1979 1975 1972
2000 & 1999 & Year retrofit - - - 1995 1997 1997 1989 1989 2003 2004
Length (meters) 204 204 175 192 192 142 192 192 188 164
Width (meters) 26 26 29 27 27 24 29 29 24 26
Total capacity 32,694 32,694 25,291 15,635 15,245 9,851 12,230 12,230 15,404 13,881
Speed (knots) 30 30 22 25 25 19.5 22.5 22.5 21.5 19.5
Passengers 1,850 1,850 2,250 1,500 1,500 1,500 1,500 1,500 1,790 1,835
Beds 710 808 1.606 654 648 630 468 468 873 838
Cars 670 670 700 703 703 310 719 719 700 550
Combination 119 119 100 111 111 38 105 105 89 58 trucks & cars 106 106 180 86 73 80 60 60 75 87
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Year of built: 1998 Length: 192 meters Width: 27 meters Total Capacity: 32.623 G.T. Speed: 23,5 knots Number of passengers: 2.000 Number of beds: 776 Number of cars : 620 Trucks and cars: 107 & 55
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Increase in volume of cars by 14% Increase in volume of passenger by 23% Increase in volume of trucks by 6%
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• ΑΝΕΚ LINES voted as “Passenger line for the year 2008", during the Greek Shipping Awards hosted by Lloyd’s List
• Completion of reimbursement of new vessel ELYROS and start of service the route of Piraeus - Chania
• High increase in fuel prices during the year of 2008
• Dividend distribution amount € 0,05 per share or € 8,1 million in total for the year 2007
• Restructure of the long term borrowings
• Completion of ordinary tax audit for the fiscal years 2005, 2006 and 2007
• Start servicing the route : Piraeus – Chios – Mytilene – Limnos – Thessaloniki
• Continue of chartering of F/B El. Venizelos to a company of State of Tunisia for the summer period
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A Cost of sales (before depreciation) -189,3 -157,9 19,9% Administrative and selling expenses (before depreciation ) -34,5 -31,9 8,5% Other income / (expenses) -1,0 0,8 - E A Depreciation -11,3 -14,2 -20,4% Financial, investing & taxes -19,5 -15,5 26,2%
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Fares 105,7 85,0
E On board & other 14,4 10,4
A E A A A Fares 117,1 120,5
On board & other 14,9 16,3
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A Cost of sales 189,3 157,9 19,9%
Fuels & consumables Payroll Fuel cost 85,8 66,4 29,2% Repairs, insurance fees & others
Fuels & consumables Payroll Repairs, insurance fees & others
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Gross profit margin 24,9% 32,0% EBITDA margin 10,8% 18,7% ROCE (return on capital employed) 3,3% 7,4%
A Long term borrowings 216,3 209,9 Financial cost – net 17,4 16,0 EBITDA 27,3 43,3 Interest coverage ratio (EBITDA / Financial cost) 1,6 2,7 Long term borrowings / EBITDA 7,9 4,8
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A Total of assets 511,4 505,9 Total of liabilities 313,2 296,1 Total of equity 198,2 209,8 Net debt 1 255,2 198,2 Net debt / Total of assets 49,9% 39,2% Net debt / Total capital employed 2 56,3% 48,6% Equity / Total of liabilities 63,3% 70,9% Equity / Fixed assets 49,6% 57,7% Fixed assets / Long term borrowings 1,85 1,73 1 Total of borrowings minus cash 2 Net debt plus equity
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Cash flow from operating activities (a) 8,8 24,7
Cash flow from investing activities (b) (57,6) (33,5)
Cash flow form financing activities (c) 3,9 60,9
Net cash flow for the year (a)+(b)+(c) (44,9) 52,1
Cash and cash equivalents at the year end 9,7 54,6
Liquidity ratio 1,21 1,75
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ANE ANE
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ANEKANEK NE A A NE A A
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E A A N E A A N ANEK NE E ANEK NE E A N A N ANEK N ANEK N
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Turnover 278,9 254,3
Gross profit (before depreciation) 61,9 75,2
EBITDA 26,9 43,1
Profit / (losses) after taxes and minority interests -5,9 12,3
Total of assets 528,1 522,8
Total of liabilities 325,8 306,3
Total of shareholder’s equity 196,8 210,8
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• E E A • EA E A • E E A A A • E E A E • A • E A 2005 0,80 84.068 • A 2006 1,08 169.884
2007 1,93 774.672 Reuters: ANKe.AT 2008 1,73 283.208
Bloomberg: ANEK:GA Q1 - 2009 0,72 67.774
ATHEX: ANEK
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Operation of F/B PREVELIS in Cyclades and Dodecanese : Piraeus – Santorini – Anafi – Kassos – Karpathos – Diafani – Chalki – Rhodes
Participation in the competition declared by the Ministry of Mercantile Marine for the operation of routes with contract of public service
Expansion of chartering of F/B El. VENIZELOS on abroad till the year of 2011
Successful presentation of ANEK LINES in international exhibitions of tourism (ITB Berlin etc)
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Reinforcement of leading position in the industry of coastal shipping through the increase in market shares and expansion of business activities
Continuous improvement in provided services and expansion of network of sales
Participation in international exhibitions of tourism in order to enforce the brand name “ANEK LINES”
Increase in sales through the expansion in new routes and decrease in cost of sales
Improvement in profitability margins via the stabilization of fuel prices
Return to profitability in favor of the shareholders
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Ioannis S. Vardinogiannis Stelianos Stamos
+30 28210 24000 +30 28210 24000
[email protected] [email protected]
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